Expenditure on investment goods decreased – CB statistics reveal

Expenditure on investment goods decreased – CB statistics reveal

Written by Bella Dalima

19 Jul, 2014 | 4:58 pm

According to the latest statistics released by the Central Bank importation of building materials, transport equipment and investment goods saw a sharp decrease during the first five months of this year.

The Central Bank, in its latest statistics, shows that expenditure on investment goods decreased by 18% during the first five months of this year in comparison to the same period last year.

The expenditure on machinery and equipment reduced by 15% while importation expenditure on transport equipment went down by 32%.

The decrease in expenditure for building materials stood at 15.9%.

However, the Central Bank also notes that import expenditure on intermediate goods such as food and petroleum rose during the first five months of this year.

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